Finance

PAUL MCBETH: How clean is our money?

Paul McBeth
Mon, 05 Oct 2020

Anti-money laundering regulations are tedious for customers and expensive for businesses, but last month’s leak of thousands of suspicious activity reports and Westpac’s A$1.3 billion settlement to close the book on its own failures highlight the need for vigilance.Money laundering came to the fore again recently when the leak of several thousand suspicious activity reports showed global banks alerted the US Treasury’s Financial Crimes Enforcement Network to US$2 trillion of suspicious transactions over an 18-year periodHeadli...

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PAUL MCBETH: How clean is our money?

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